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Smart Investments for California’s Economy Relevancy – Return – Recovery
California’s Economic Recovery California must re-employ 1.3 million workers just to get back to pre-recession levels, and create new jobs for all of the new job seekers and laid off workers entering the workforce over the past several years.  Employment growth is projected at only 1.6%, with the majority coming in the latter part of 2011.  UCLA Anderson Forecast: 2010 Fourth Quarterly Report
Businesses Need Support "We are in the middle of a big recession, a lot of companies are struggling with revenues."  Carol Bartz, CEOYahoo
Economic Stress Employees Must: Employers Must:  Possess the right knowledge and skills for various tasks Juggle multiple responsibilities Contribute directly to company’s bottom line Find creative ways to keep talent   Do more with less   Grow and compete in spite of economic uncertainty
EWD - - The Solution The California Community Colleges Economic and Workforce Development program (EWD)investsin the skills of California’s workforce – now and in the future – through highly specialized industry training, technical consulting and business development.  The end result is the ability for businesses to better understand the trends and labor market pertaining to their industry, and make informed decisions about how to grow and compete.   
EWD: The Community College System’s Industry Experts  Advanced Manufacturing Advanced Transportation Technology & Energy Biotechnology Business & Entrepreneurship Environmental, Health, Safety & Homeland Security Health Care International Trade New Media & Entertainment Workplace Skills and Education
EWD Results…Program Highlights 2000-01 - 2008-09 Californians Served 399,000 Incumbent Workers 497,000 Students  392,000 Businesses   44,200 Job Placements
EWD Results….High Taxpayer ROI A recent study conducted by Time Structures, Inc. (TSI) evaluated the taxpayers’ return on investmentfor student and incumbent worker training and for business assistance activities.   The analysis shows that worker’s wages increased and that the public is getting a verygood ROI.
More Bang for the Buck: Supporting Businesses Results of EWD assistance to businesses created $344.3 million in additional wages to their employees and returned $20 million in government revenues.  For every dollarspent by EWD to help businesses, it generated $33.97 in benefits and $1.97 in income and sales tax revenue for  2005-06.   *Benefit-Cost Ratios evaluation conducted by Time Structures Inc. 2010.
More Bang for the Buck:  Skills Training EWD employee/worker training initiatives produced significant benefits for the California economy.   The 2003-04 cost of EWD training programs is estimated to be $16.08 million.  The increase in labor income as a result of the training is $164.70 million for the three years following program enrollment.   Therefore, each dollar spent through EWD in 2003-04 for employee/worker training generated $10.24 in wages during the 2004-06 period.  In addition, each state dollar spent in 2003-04 for these EWD programs increased California state and local government revenues by $0.77. *Benefit-Cost Ratios evaluation conducted by Time Structures Inc. 2010.
Three Reasons EWD is a Smart Investment
Relevancy Improving educational attainment benefits our state through increased tax revenues and the social and economic mobility that accompanies higher levels of education and workplace skills.
Return At a time when every dollar counts, EWD functions as a no cost program to provide taxpayers with a high return-on-investment.
Recovery Our programs ensure that all Californians, including our current high rates of displaced workers, have access to education that can retool their skills and prepare them for market demands.
Funding the EWD program is a smart investment for California’s economic growth – now and in the future.
Need more facts on how your investments are working to create and retain jobs and support California businesses?  Go to: www.InvestmentsThatCount.org Sign up for our eNewsletter GROW California at www.CCCEWD.net Contact: Ray York, Dean Economic & Workforce Development ryork@cccco.edu

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Smart Investments for California's Economy

  • 1. Smart Investments for California’s Economy Relevancy – Return – Recovery
  • 2. California’s Economic Recovery California must re-employ 1.3 million workers just to get back to pre-recession levels, and create new jobs for all of the new job seekers and laid off workers entering the workforce over the past several years. Employment growth is projected at only 1.6%, with the majority coming in the latter part of 2011. UCLA Anderson Forecast: 2010 Fourth Quarterly Report
  • 3. Businesses Need Support "We are in the middle of a big recession, a lot of companies are struggling with revenues." Carol Bartz, CEOYahoo
  • 4. Economic Stress Employees Must: Employers Must: Possess the right knowledge and skills for various tasks Juggle multiple responsibilities Contribute directly to company’s bottom line Find creative ways to keep talent   Do more with less   Grow and compete in spite of economic uncertainty
  • 5. EWD - - The Solution The California Community Colleges Economic and Workforce Development program (EWD)investsin the skills of California’s workforce – now and in the future – through highly specialized industry training, technical consulting and business development. The end result is the ability for businesses to better understand the trends and labor market pertaining to their industry, and make informed decisions about how to grow and compete.  
  • 6. EWD: The Community College System’s Industry Experts Advanced Manufacturing Advanced Transportation Technology & Energy Biotechnology Business & Entrepreneurship Environmental, Health, Safety & Homeland Security Health Care International Trade New Media & Entertainment Workplace Skills and Education
  • 7. EWD Results…Program Highlights 2000-01 - 2008-09 Californians Served 399,000 Incumbent Workers 497,000 Students 392,000 Businesses 44,200 Job Placements
  • 8. EWD Results….High Taxpayer ROI A recent study conducted by Time Structures, Inc. (TSI) evaluated the taxpayers’ return on investmentfor student and incumbent worker training and for business assistance activities. The analysis shows that worker’s wages increased and that the public is getting a verygood ROI.
  • 9. More Bang for the Buck: Supporting Businesses Results of EWD assistance to businesses created $344.3 million in additional wages to their employees and returned $20 million in government revenues. For every dollarspent by EWD to help businesses, it generated $33.97 in benefits and $1.97 in income and sales tax revenue for 2005-06. *Benefit-Cost Ratios evaluation conducted by Time Structures Inc. 2010.
  • 10. More Bang for the Buck: Skills Training EWD employee/worker training initiatives produced significant benefits for the California economy. The 2003-04 cost of EWD training programs is estimated to be $16.08 million. The increase in labor income as a result of the training is $164.70 million for the three years following program enrollment. Therefore, each dollar spent through EWD in 2003-04 for employee/worker training generated $10.24 in wages during the 2004-06 period. In addition, each state dollar spent in 2003-04 for these EWD programs increased California state and local government revenues by $0.77. *Benefit-Cost Ratios evaluation conducted by Time Structures Inc. 2010.
  • 11. Three Reasons EWD is a Smart Investment
  • 12. Relevancy Improving educational attainment benefits our state through increased tax revenues and the social and economic mobility that accompanies higher levels of education and workplace skills.
  • 13. Return At a time when every dollar counts, EWD functions as a no cost program to provide taxpayers with a high return-on-investment.
  • 14. Recovery Our programs ensure that all Californians, including our current high rates of displaced workers, have access to education that can retool their skills and prepare them for market demands.
  • 15. Funding the EWD program is a smart investment for California’s economic growth – now and in the future.
  • 16. Need more facts on how your investments are working to create and retain jobs and support California businesses? Go to: www.InvestmentsThatCount.org Sign up for our eNewsletter GROW California at www.CCCEWD.net Contact: Ray York, Dean Economic & Workforce Development ryork@cccco.edu

Editor's Notes

  1. NOTE FROM CATHERINE: Please have the two graphs come up with the slide transition FROM CELINA: WILL FIX ON NEXT ROUND